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Property profile & analytics
OFF-MARKET
Estimated value
$965,000
Office Spaces
7516 Eagle Crst Blvd Evansville, IN 47715-9142
Entity Owned
18-yr Hold
Free & Clear
Property ID
US31-1009594
Property summary
AI-generated overview
This single-story, 11,566 square foot office building, constructed in 2008, is situated on 1.09 acres in Evansville, Indiana. The property, zoned C-2, features four suites in total, with 2,248 square feet currently vacant and available for lease. The vacant space includes four offices, a conference room, a restroom, a kitchenette, and a 13x15 mail/file/workroom. The building enjoys a prime location on the Lloyd Expressway (SR 66), less than a mile from I-69, ensuring excellent visibility and convenient access. Annual operating expenses include property taxes of $9,341, insurance at $934, landscape maintenance of $211, mowing at $640, dumpster service costing $1,068, pest control at $165, and parking lot lighting at $164. The building's APN is 82-07-30-013-216.001-027, and it's located in Vanderburgh County. The space will be available December 1st, 2024.
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2008
Construction
TYPE NOT SPECIFIED
Total area
10,626 SF
Lot
1.09 ac (47,615 SF)
APN
82-07-30-013-216.001-027
UPID
US31-1009594
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Transamerica Agency Network Insurance Agency
-
Anthony D. Burks Sr., Movement Mortgage Loan Service Bank
-
Jeremey Davis, Movement Mortgage Loan Service Bank
-
Carl Kim Vincent, Movement Mortgage Loan Service Bank
-
Victoria Kost, Movement Mortgage Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$907k
Blend (final)
Blend
$965k
Owner & transaction history
Delta Properties LLC · 18 yrs held
Delta Properties LLC
since 2008
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$790,000
+35.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Evansville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Evansville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$585,000
Current use
RETAIL STORES
$790,000
Change: +35% · Conversion: Easy
Blend value · Realmo final
$965k
Range $869k – $1.06M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$91 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$43,853
Tax year 2023
Assessed value
$1,382,600
Assessed 2023
Previous assessed
$1,382,600
+0.0% YoY
Effective rate
3.17%
On assessed value
Assessed land
$476,200
Assessed improvement
$906,400
Land market value
$476,200
Improvement market value
$906,400
Total market value
$1,382,600
Applied tax rate
9.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
2008
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
10,626 SF
Lot
1.09 ac (47,615 SF)
APN
82-07-30-013-216.001-027
UPID
US31-1009594
Jurisdiction
VANDERBURGH
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$585,000
RETAIL STORES
Est. value
$790,000
COMMERCIAL (GENERAL) Current
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2008
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
1.09 ac
Current owner
From public records · entity-resolved
Delta Properties LLC
Entity
Free & Clear · 18 yrs held
Mailing address
4763 ROSEBUD LN STE B, NEWBURGH, IN 47630-9385
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 8, 2008
—
Delta Properties LLC
American National Trust
Trustees Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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